Navistar International (NAV) Cut to “Strong Sell” at ValuEngine

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ValuEngine downgraded shares of Navistar International (NYSE:NAV) from a sell rating to a strong sell rating in a research note released on Wednesday.

A number of other analysts have also recently commented on NAV. Royal Bank of Canada reaffirmed a hold rating and set a $44.00 price target on shares of Navistar International in a research report on Thursday, July 19th. Piper Jaffray Companies cut Navistar International from an overweight rating to a neutral rating and set a $37.00 price target for the company. in a research report on Wednesday, October 24th. Buckingham Research raised Navistar International from a neutral rating to a buy rating and set a $48.00 price target for the company in a research report on Friday, September 7th. They noted that the move was a valuation call. Loop Capital began coverage on Navistar International in a research report on Monday, October 1st. They set a hold rating and a $42.00 price target for the company. Finally, Zacks Investment Research raised Navistar International from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Thursday, September 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Navistar International currently has a consensus rating of Hold and an average target price of $45.50.

NAV traded down $0.67 on Wednesday, reaching $30.33. 465,736 shares of the stock were exchanged, compared to its average volume of 540,827. Navistar International has a fifty-two week low of $29.67 and a fifty-two week high of $47.73. The stock has a market cap of $3.12 billion, a P/E ratio of 59.47, a P/E/G ratio of 1.67 and a beta of 2.35.

Navistar International (NYSE:NAV) last issued its quarterly earnings results on Thursday, September 6th. The company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.78. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts predict that Navistar International will post 3.22 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NAV. Sageworth Trust Co raised its stake in shares of Navistar International by 400.0% during the 3rd quarter. Sageworth Trust Co now owns 3,500 shares of the company’s stock valued at $135,000 after buying an additional 2,800 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Navistar International by 87.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,604 shares of the company’s stock valued at $139,000 after buying an additional 1,677 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Navistar International during the 3rd quarter valued at about $177,000. LPL Financial LLC purchased a new position in shares of Navistar International during the 1st quarter valued at about $218,000. Finally, Signition LP purchased a new position in shares of Navistar International during the 3rd quarter valued at about $232,000. Institutional investors and hedge funds own 80.10% of the company’s stock.

Navistar International Company Profile

Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

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Analyst Recommendations for Navistar International (NYSE:NAV)

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